Innate human tendencies were meant to help us survive the wilderness, not make investment decisions.

Volatility in the up direction is not a problem-it's only downward volatility that offers discourse.

Understanding the value of a security and whether it's trading above or below that value is the difference between investing and speculating.

For every transaction, there is someone willing to buy and someone willing to sell at an agreed price, both believing that it's good value and that the counterparty is a little crazy.

Fear is an emotion, not a stock indicator.

What the efficient market hypothesis doesn't account for is that people are not always rational. Just ask any divorce lawyer.

I was compared to Charles Bukowski yesterday. It was the best and worst compliment I've ever gotten.

As he prepared to ride on, he chuckled at the thought of the wolf entering the sheepfold. He would not ride with fire and destruction. The shepherd did not frighten his own pretty lambs.

When I sit in Paris in a cafe, surrounded by people, I don't sit casually - I go over a certain sonata in my head and discover new things all the time.

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.

Shame can be self-indulgence too.

Discretion prevented me from saying that I thought she was a fiend from the underworld and that mountain lions couldn't force me to enter her service.

The bullet that will kill me is not yet cast.

Part of the early Who career was all about knocking people's confidences out.

Therefore a victorious army first wins and then seeks battle; a defeated army first battles and then seeks victory.

Love is a cloth which imagination embroiders.